Eco, which has built out a digital global cryptocurrency platform, announced Friday that it has raised $26 million in a funding round led by a16z Crypto. Founded in 2018, the SF-based startup’s platform is designed to be used as a payment tool around the world for daily-use transactions. The company emphasizes that it’s “not a… Continue reading Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform
Author: Tech Crunch Online News
Porsche unveils two new electric bikes alongside the Taycan Gran Turismo
Porsche is taking its electrification ambitions to two wheels. The German automaker unveiled two electric bikes Thursday, alongside the global debut of the Porsche Taycan Cross Turismo, the latest variant to its EV flagship. Both electric bikes are said to be inspired by the Taycan, Porsche’s first electric vehicle that kicked off its broader EV… Continue reading Porsche unveils two new electric bikes alongside the Taycan Gran Turismo
Luxury air travel startup Aero raises $20M
Aero, a startup backed by Garrett Camp’s startup studio Expa, has raised $20 million in Series A funding — right as CEO Uma Subramanian said demand for air travel is returning “with a vengeance.” I last wrote about Aero in 2019, when it announced Subramanian’s appointment as CEO, along with the fact that it had… Continue reading Luxury air travel startup Aero raises $20M
GM, LG Chem studying the feasibility of a second battery cell plant in the US
General Motors is exploring building a second U.S. battery cell manufacturing plant with its joint-venture partner, Seoul, South Korea-based LG Chem. If the plant moves forward, it would be the latest in a series of investments aimed at building out the auto giant’s portfolio of electric vehicles. The company’s joint venture with LG, Ultium Cells… Continue reading GM, LG Chem studying the feasibility of a second battery cell plant in the US
IFC backs Bolt with $24M to expand its transportation network in emerging markets
Bolt, an Uber competitor that is building an international on-demand network of services to transport people, food and other items in cars, scooters and bikes across Europe and Africa, has picked up some strategic funding today to continue expanding its business in emerging markets. The International Finance Corporation, a division of the World Bank, is… Continue reading IFC backs Bolt with $24M to expand its transportation network in emerging markets
The Aston Martin DBX is a tale of two vehicles
The Aston Martin DBX is the brand’s first SUV — and the stakes for the iconic British luxury car maker couldn’t be higher. Like Astons before it, the DBX is objectively handsome. Its sculptural form stretches out to unapologetic ample proportions, and stands out in the crowd of SUVs that frequent the private-school pickup lane.… Continue reading The Aston Martin DBX is a tale of two vehicles
EV rivals Tesla, Rivian unite to target direct sales legislation
Tesla, Rivian, Lordstown Motors and Lucid Motors — potential rivals in the burgeoning EV market — are working together to pass laws that would allow direct sales in at least eight states with another batch of proposed legislation likely being introduced this year. Passage of such legislation would clear the way for EV giants like… Continue reading EV rivals Tesla, Rivian unite to target direct sales legislation
From the ashes of nearly a billion dollars, Ample resurrects Better Place’s battery swapping business model
A little over thirteen years ago, Shai Agassi, a promising software executive who was in line to succeed the chief executive at SAP, then one of the world’s mightiest software companies, left the company he’d devoted the bulk of his professional career to and started a business called Better Place. That startup promised to revolutionize… Continue reading From the ashes of nearly a billion dollars, Ample resurrects Better Place’s battery swapping business model
Fluid Truck, the Zipcar of commercial trucks, raises $63M to take on rental giants
Fluid Truck has built an app-based platform that aims to take away the pain and cost of owning or leasing commercial vehicles, all while grabbing market share from established companies like Penske, Ryder and U-Haul. Now, it has the capital to help it get there. The Denver-based company said Tuesday it raised $63 million in… Continue reading Fluid Truck, the Zipcar of commercial trucks, raises $63M to take on rental giants
Uber spins out delivery robot startup as Serve Robotics
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, has officially spun out as an independent company called Serve Robotics. TechCrunch reported in January that a deal was being shopped to investors. Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and… Continue reading Uber spins out delivery robot startup as Serve Robotics